Ubisoft, Take-Two, Koch Media and others have all claimed pieces of THQ.

Hopes of keeping THQ intact and functioning have come to an end, as the bankruptcy auction that began yesterday has resulted in the company being broken up and sold off in pieces. According to Distressed Debt Investing, which has been following the THQ bankruptcy process, the company's studios and IPs were sold as follows:

Relic - purchased by Sega for $26 million

Volition - purchased by Koch Media for $22.3 million

Evolve (IP) - purchased by Take-Two for $11 million

Metro (IP) - purchased by Koch Media for $5.8 million

South Park (IP) - purchased by Ubisoft for $3.2 million

THQ Montreal - purchased by Ubisoft for $2.5 million

Homefront (IP) - purchased by Crytek for $500,000

In a letter to THQ employees, CEO Brian Farrell and President Jason Rubin said they expected that most employees of sold properties will be offered jobs by their new owners but warned that not everyone will be picked up and that the terms of employment for those that are may well be different. Employees of entities that are not part of the sale will be laid off. Among those assets are Darksiders studio Vigil Games and "some other intellectual properties."

"The work that you all have done as part of the THQ family is imaginative, creative, artistic and highly valued by our loyal gamers. We are proud of what we have accomplished despite today's outcome," the letter states. "It has been our privilege to work alongside the entire THQ team. While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership."

Is Sega owning Relic a good thing or a bad thing? I only know a few games published be Sega but they seemed OK, Relic happens to be one of my favorite devs. Hopefully Sega will be able to invest in Relic and we will continue to see great games coming from them

Make it your first order of business to hire back a bunch of Relic's old staff that were let go after Retribution.

I told this to a friend of mine, and I'll say it again here. Sega successfully shit all over any IP they had that I liked. I have little faith that Sega can even BUY a decent IP and then do anything good with it.

J Tyran:Is Sega owning Relic a good thing or a bad thing? I only know a few games published be Sega but they seemed OK, Relic happens to be one of my favorite devs. Hopefully Sega will be able to invest in Relic and we will continue to see great games coming from them

They published Vanquish, a completely INSANE third person shooter, so I'll give them the benefit of the doubt, even if I'm not qualified because I only ever played Space Marine in terms of Relic's games.

J Tyran:Is Sega owning Relic a good thing or a bad thing? I only know a few games published be Sega but they seemed OK, Relic happens to be one of my favorite devs. Hopefully Sega will be able to invest in Relic and we will continue to see great games coming from them

Sega are hit and miss. They take risks, it has bit them in the ass in the past and they're put out some real shit, but it's one of the better places it could go if you ask me, better to be lapped up by Sega and actually used for something than absorbed into EA.

I was about to ask who the heck Koch Media was, but a little Google search shows that they're the same people who run Deep Silver. I find it interesting that EA didn't have their hands all over volition.

Ubisoft might do some dumb DRM stuff with South Park, but I'm actually glad to see them get the rights. If anyone had to scoop them up, I think the game will come out and be mostly untouched in all this. Here's hoping, or else it's a wasted pre-order.

Make it your first order of business to hire back a bunch of Relic's old staff that were let go after Retribution.

I told this to a friend of mine, and I'll say it again here. Sega successfully shit all over any IP they had that I liked. I have little faith that Sega can even BUY a decent IP and then do anything good with it.

Sega owns Creative Assembly, the Total War developers. Who have only really made two duds, with Empire and Napoleon.

Make it your first order of business to hire back a bunch of Relic's old staff that were let go after Retribution.

I told this to a friend of mine, and I'll say it again here. Sega successfully shit all over any IP they had that I liked. I have little faith that Sega can even BUY a decent IP and then do anything good with it.

Sega owns Creative Assembly, the Total War developers. Who have only really made two duds, with Empire and Napoleon.

I told this to a friend of mine, and I'll say it again here. Sega successfully shit all over any IP they had that I liked. I have little faith that Sega can even BUY a decent IP and then do anything good with it.

Sega owns Creative Assembly, the Total War developers. Who have only really made two duds, with Empire and Napoleon.

Really? Personally I love empire, one of their best if you ask me

I found that Empire was a major step down from the godly Kingdoms expansion, which I hold up as the most complete total war game ever. Empire isn't a bad game, but I felt it was lacking compared to the other titles.

J Tyran:Is Sega owning Relic a good thing or a bad thing? I only know a few games published be Sega but they seemed OK, Relic happens to be one of my favorite devs. Hopefully Sega will be able to invest in Relic and we will continue to see great games coming from them

Sega are hit and miss. They take risks, it has bit them in the ass in the past and they're put out some real shit, but it's one of the better places it could go if you ask me, better to be lapped up by Sega and actually used for something than absorbed into EA.

I know Sega publish RTS games, so I can see why they would grab Relic. Definitely far better than going to EA for sure. Games Workshop should have bought them I think, sure they have never published video games before but nearly every game Relic has made has been PC only. Publishing via Steam wouldn't need a supply chain and then Relic could have kept pumping out games for them, hell GW might have even made a Company of Heroes TT game.

Make it your first order of business to hire back a bunch of Relic's old staff that were let go after Retribution.

I told this to a friend of mine, and I'll say it again here. Sega successfully shit all over any IP they had that I liked. I have little faith that Sega can even BUY a decent IP and then do anything good with it.

Sega owns Creative Assembly, the Total War developers. Who have only really made two duds, with Empire and Napoleon.

I suppose I can qualify the statement and say that they ruined any IP they created that I liked. Never got into Total War, as I'm to busy to get into any RTS or TBS games anymore, but I have a few friends who gush over the series. Relic might be Sega's second acquired studio that makes them decent games if they play their cards right.

Sorry but in recent memory I know Sega as being responsible for ruining the Valkyria Chronicles IP and backstabbing Alpha Protocol before it was even released. Maybe if Sega of America can start helping themselves out and be allowed to make IPs less Japan-centric, I might start being optimistic again.

Sega owns Creative Assembly, the Total War developers. Who have only really made two duds, with Empire and Napoleon.

Really? Personally I love empire, one of their best if you ask me

I found that Empire was a major step down from the godly Kingdoms expansion, which I hold up as the most complete total war game ever. Empire isn't a bad game, but I felt it was lacking compared to the other titles.

Fair enough, personal preferences and all. Still it shows that Sega makes good games, they don't pull an EA or worse, Activision.